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(ARABIAN_SM) Arabian Petroleum complete technical analysis [charts+indicators] | Buy/Sell Arabian Petroleum | (ARABIAN_SM) share price targets

Complete technical analysis of Arabian Petroleum (ARABIAN_SM) by charts plus indicators, forecast predictions and share price targets for Arabian Petroleum (ARABIAN_SM)

Showing technical analysis as on 2024-04-23 View latest technical analysis

10 day averaged volume of Arabian Petroleum is 11400

Date	Daily Closing Price	Open	High	Low	Volume
23 Tue Apr 2024	85.00	84.00	85.00	84.00	0.877 times
22 Mon Apr 2024	84.80	84.30	85.95	80.05	2.982 times
19 Fri Apr 2024	84.30	84.30	84.30	84.30	0.175 times
18 Thu Apr 2024	84.05	84.05	84.20	84.05	0.702 times
16 Tue Apr 2024	84.05	87.30	87.30	84.05	1.579 times
15 Mon Apr 2024	84.70	88.70	88.70	84.70	1.754 times
12 Fri Apr 2024	85.70	84.00	85.70	84.00	0.526 times
10 Wed Apr 2024	84.35	80.00	87.95	80.00	0.702 times
09 Tue Apr 2024	85.00	85.50	85.50	85.00	0.526 times
08 Mon Apr 2024	86.85	87.95	87.95	86.85	0.351 times

My analysis of stock is bullish for shortterm, and stock might move up till 86.8 or till 89.2. Use a stoploss of 84.87 and if this stock hits its stoploss, then it can fall down till 82.92

Share price targets for Arabian Petroleum (ARABIAN_SM)

Target Type	Value
Downside Target	71.05
Downside Target	79.50
Downside Target	84.05
Upside Target	87.95
Upside Target	88.70
Upside Target	90.20
Upside Target	92.00
Upside Target	92.10
Upside Target	100.80
Upside Target	101.50
Upside Target	104.20
Upside Target	112.50

Intraday share price targets for Arabian Petroleum (ARABIAN_SM)

Target Type	Value
Downside Intraday Target	81.38
Downside Intraday Target	77.77
Upside Intraday Target	87.28
Upside Intraday Target	89.57
Downside Intraday Target	83.67

Weekly technical analysis of Arabian Petroleum (ARABIAN_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Tue Apr 2024	85.00	84.30	85.95	80.05	0.917 times
19 Fri Apr 2024	84.30	88.70	88.70	84.05	2 times
12 Fri Apr 2024	85.70	87.95	87.95	80.00	0.462 times
05 Fri Apr 2024	86.05	87.75	88.50	85.00	0.542 times
28 Thu Mar 2024	83.75	84.20	84.95	79.50	0.686 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Arabian Petroleum (ARABIAN_SM)

Date	Monthly Closing Price	Open	High	Low	Volume
23 Tue Apr 2024	85.00	87.75	88.70	80.00	0.313 times
28 Thu Mar 2024	83.75	93.50	100.80	71.05	0.805 times
29 Thu Feb 2024	94.00	94.20	104.20	90.20	1.031 times
31 Wed Jan 2024	93.00	98.35	101.50	92.00	0.431 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Arabian Petroleum (ARABIAN_SM)

Price action analysis of Arabian Petroleum ( (ARABIAN_SM) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Arabian Petroleum ( (ARABIAN_SM) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Arabian Petroleum ( (ARABIAN_SM) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Arabian Petroleum ( (ARABIAN_SM) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Arabian Petroleum stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Arabian Petroleum in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Arabian Petroleum Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Arabian Petroleum in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Arabian Petroleum is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 84.72 and Arabian Petroleum (ARABIAN_SM) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

People seem to be coming out and selling the Arabian Petroleum (ARABIAN_SM) stock. Volume based technical analysis of Arabian Petroleum (ARABIAN_SM) stock is negative.

Arabian Petroleum Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.